Guaranty Trust Holding Company Plc (GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements.

In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion recorded in the preceding month.

The acquisition represents a further milestone in Heirs Energies’ long-term strategy to strengthen indigenous participation in strategic assets and accelerate sustainable energy development and security for Nigeria and Africa.

The Central Bank of Nigeria, CBN, has projected a stronger macroeconomic outlook for the country in 2026, forecasting a 4.49 per cent growth in Gross Domestic Product, GDP, a moderation in inflation to about 12.4 per cent, and a rise in external reserves to $51.04 billion, amid sustained reforms, improved oil sector performance and easing monetary conditions.

By Victor Ahiuma-Young The Shipping Branch of the Maritime Workers’ Union of Nigeria, MWUN, has decried the growing upsurge in the casualisation of workers by shipping companies and terminal operators in Nigeria. The President of the branch, Olufemi Abass, in a statement issued through MWUN’s Head of Media, John Ikemefuna, lamented that such unfair labour employers […]